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Key Details
Sold Price $675,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 5,400 sqft
Price per Sqft $125
Subdivision Wilm #27
MLS Listing ID DENC491604
Sold Date 05/13/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $1,632
Tax Year 2020
Lot Size 3,485 Sqft
Acres 0.08
Lot Dimensions 48.50 x 67.50
Property Description
A Wilmington landmark sub shop and restaurant for sale called Maryland Ave Sub Shop. Successful business started in 1978. Great location just minutes from I-95, booming Riverfront district, and popular Frawley Stadium (home of the popular minor league baseball team called the Blue Rocks and very loyal customers of Maryland Ave Sub Shop). Sale includes all equipment, 2 rental apartments above restaurant, 2 fee simple townhomes valued just under $100,000 each (1003 Beech St next door to Sub Shop and 105 Beech St which were updated in 2018), warehouse on side, new kitchen, and all the inventory. Sellers will hold private mortgage with 20% down-payment, 5% fixed rate based on 15-year mortgage with balloon payment after 5 years. Business financials will be disclosed upon request to qualified buyers and daily receipts too. See under documents the property description of fee simple townhomes that are included in sale (103 Beech St and 105 Beech St) and also the menu of Maryland Ave Sub Shop. See letter from Cit of Wilmington of proposed apartment site across street. Hurry to see this money making business now! Gross receipts per week around $10,000. Only opens to 6 PM and closes on Sunday, great potential to increase sales too
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26C-2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Electric, Natural Gas
Exterior
Waterfront N
Water Access N
Roof Type Flat
Accessibility None
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Christina
Others
Tax ID 26-042.10-534
Ownership Fee Simple
SqFt Source Assessor
Security Features 24 hour security,Security System,Smoke Detector
Acceptable Financing Conventional, Seller Financing
Listing Terms Conventional, Seller Financing
Financing Conventional,Seller Financing
Special Listing Condition Standard
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Bought with George J Brown • RE/MAX Edge